The Electricity Control Board (ECB) has launched a new project to develop tailored licence conditions for small, embedded generation projects of up to 2 megawatts (MW) and pilot initiatives involving emerging technologies, including green hydrogen. The initiative comes in response to growing investor interest in Namibia’s evolving energy sector and aims to support innovation while...
JAC Motors Namibia has taken a significant step forward in its local growth strategy with the opening of a new 750 square metre showroom, more than doubling its previous retail space. The move reflects a steady and consistent rise in demand for the brand’s range of bakkies and trucks, underlining JAC’s strengthening foothold in the...
The Bank of Namibia (BoN) has appointed Helvi Fillipus and Dr John Steytler as two new members to its Monetary Policy Committee (MPC). Steytler, a distinguished economist, has been appointed as the first independent member of the MPC for a three-year term, while Fillipus, an economic advisor at the bank, joins the committee as its...
Puma Energy Zambia and BHL Group have signed a strategic five-year fuel logistics agreement that is set to reshape energy supply chains and strengthen the Zambia–Namibia trade corridor, one of southern Africa’s most critical commercial arteries. Announced on Monday, the partnership will see BHL Group, Zambia’s largest hauler of copper exports, assume responsibility for transporting...
First National Bank (FNB) Namibia has issued a stern warning to its CashPlus agent network amid growing concerns that some agents are imposing unlawful charges and conditions on customers accessing basic banking services. The bank stated that it has noted, with concern, reports of customers being asked to pay additional fees or being compelled to...
The country’s ambition to become one of Africa’s next major oil producers has hit a snag, after the government reminded industry stakeholders that all deals involving Namibian petroleum licence interests must be approved by the Minister of Industries, Mines and Energy. In a statement issued on Sunday, the ministry noted it was only informed of...
The wait is finally over, and LDV has wasted no time in making its presence felt. The much-anticipated LDV Terron 9 double-cab bakkie and its SUV sibling, the LDV D90, have officially arrived in Namibia, promising to shake up two of the country’s most competitive motoring segments. Headlining the launch is the LDV Terron 9...
Namibia’s latest private sector credit numbers suggest something many businesses and banks have already fell on the ground: the pace of credit growth is easing, but the recovery itself has not gone anywhere. Data for December 2025 shows that private sector credit extension (PSCE) grew by 4.4% year on year, slightly down from 4.5% in...
MTC Maris has taken a significant step in expanding mobile money access across Namibia by partnering with one of Africa’s leading distributors of mobile money and digital payment services, Kazang. The move is set to make financial services easier to reach for people in cities, informal settlements, and even Namibia’s most remote rural areas. Through...
A senior accounting and financial advisor said industry experts and civil servants are dumbfounded and have been left searching for answers after what he called the dismantling of the government’s Payroll Deduction Management System (PDMS). This was after the government last year decided to discontinue discretionary payroll deductions through the PDMS by 30 November 2025. ...